- So many things have happened this year and it is only April.
- Many people assumed that this year would be a smooth ride, just like any other year for that matter.
- But the reality is, is that bitcoin and the whole crypto industry is going through a rough patch to say the least.
When we look back in the history books in 2020, the chapter of bitcoin will surely be a muddled one. So many things have happened this year and it is only April. Many people assumed that this year would be a smooth ride, just like any other year for that matter. But the reality is, is that bitcoin and the whole crypto industry is going through a rough patch to say the least. Since it fell below the $4000 mark in March, the coin has rejuvenated its price but the question on everyone’s lips is where will it go from here?
Even though bitcoin was able to spike its price back above the $7000 keep resistance level, the crypto market as a whole was in red. There are many developments going on behind-the-scenes in the crypto world especially from the bitcoin side of things with many expecting these developments to throw the leading cryptocurrency to great heights, some believing it could even go further than $20,000.
Even though the world around us indicates that the future is bearish, there are some you have predicted that the future is in fact bullish.
Some crypto experts believe that a boon for the leading cryptocurrency is just around the corner if not already in motion. Some reports are showing that bitcoin has not turned his head since it’s flash crash in March. Some say that BTC could encourage income and earnings and economic activity in times of lockdown brought on by the pandemic of the coronavirus. With bitcoin steadily rising up since the middle of March, who knows what the future will hold?
However, with the bitcoin halving set to take place in May, the industry is looking bullish.
Before we finish though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!